SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) Sees Large Growth in Short Interest
by Jessica Moore · The Cerbat GemSPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM – Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 68,325 shares, a growth of 279.6% from the April 15th total of 17,999 shares. Based on an average daily trading volume, of 136,370 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.
Institutional Trading of SPDR Portfolio MSCI Global Stock Market ETF
Several institutional investors have recently modified their holdings of the stock. Ethos Financial Group LLC grew its position in shares of SPDR Portfolio MSCI Global Stock Market ETF by 6.7% in the first quarter. Ethos Financial Group LLC now owns 127,108 shares of the company’s stock valued at $9,623,000 after purchasing an additional 7,927 shares during the period. DGS Capital Management LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the first quarter valued at about $354,000. Betterment LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $781,000. Basepoint Wealth LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $72,000. Finally, Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio MSCI Global Stock Market ETF in the fourth quarter valued at about $135,000.
SPDR Portfolio MSCI Global Stock Market ETF Trading Up 0.7%
SPGM traded up $0.60 on Wednesday, reaching $85.21. The stock had a trading volume of 136,459 shares, compared to its average volume of 197,429. The business’s 50-day moving average price is $79.26 and its two-hundred day moving average price is $78.24. SPDR Portfolio MSCI Global Stock Market ETF has a 12-month low of $65.17 and a 12-month high of $85.29. The company has a market cap of $1.61 billion, a P/E ratio of 20.63 and a beta of 0.92.
About SPDR Portfolio MSCI Global Stock Market ETF
The SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an exchange-traded fund that is based on the MSCI AC World IMI index, a market-cap-weighted index of global stocks covering 99% of the developed and emerging markets capitalization. SPGM was launched on Feb 27, 2012 and is managed by State Street.